Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09.07.2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, heard CP No.61/BB/2026, a petition filed by Barath Manoharan under Sections 241-242 of the Companies Act, 2013 against M/s. Altmetrics Equine Private Limited & Others. The petition alleges oppression and mismanagement in the affairs of the company. The hearing was conducted through physical hearing/VC mode (hybrid).
Final Outcome
The Tribunal granted the respondent three days to file their Vakalath (power of attorney) and subsequently two weeks to file their reply/objections to the petition. The petitioner is then allowed two weeks to file a rejoinder. The case has been adjourned to September 1, 2026, for further hearing. The existing interim order, the specifics of which are not detailed in this procedural order, shall continue until the next date of hearing.
Topics: NCLT Proceedings, Company Law, Oppression & Mismanagement